USDJPY Bounce from Resistance. Rsi and the Price channel confirm the forecast.
Descending Triangle on EURCHF. Possible breakout, with lowest low (2year). Target 60-70 pip. The 2 MA and the RSI confirm the forecast.
4H CHART EXPLANATION: On the 4H timeframe, price melted down after facing the Resistance Zone. The last few days it was moving sideways on the Support Zone, forming a Triangle Pattern that is trying to resolve on the actual candlestick. If it consolidates below, price has potential to reach the Support Zone at 0.95600-0.95800. MULTI TIMEFRAME ANALYSIS:...
My details: Entry @ 1.21570 (Sell Limit) Stop Loss @ 1.21650 (8 pips) Target @ 1.21370 (20 pips) Reward:Risk = 2.5:1 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more!
Gold is hitting higher highs since many years but this will have to correct before it goes any higher. Check the chart to follow any possible trades
4H CHART EXPLANATION: In the short term, we observe a Descending Wedge Pattern being formed by the last downtrend. Now we are waiting for a pullback towards the Confluence Zone between the Top of the Wedge Pattern and the Broken Ascending Trendline, and after that a bounce to continue the downside move. This is the short term vision, the mid and long term are...
Is it possible to see a price compression on EurJpy. In fact the price is moving within the channel between the static support identified by 61.8% of the Fibonacci retracement (placed at 120.05) and between the static resistance identified by 50% of the Fibonacci retracement. Technically, so far, this pair is set downwards. This on short/medium term time frames....
Looks like price may break to the downside for +- 15 pips before moving to the upside.
Looks like price may break to the downside for +- 15 pips before moving to the upside.
Good oportunity to take away at least 10% from the market
Currently in a downtrend channel, a short position here is worth the trade. The longer term analysis on EURUSD will come later, for now I'm trading this as shown. Thanks for reading! Wesley
Short Entry avg 8664.01 SL 9106 TP 7100 (discretionary) Size = 2.2x Trading account value currently Risk = 11% of trading account, 1.1% of account
Good Morning, today my main stock on my wathlist will be NYSE:FDX , we are below all major averages, below VWAP and we broke 2 very important trendlines, i will look for a fade on the break of pre-market lows after the market opens, all the way down to 145 area, i will never trade pre-market, i prefer to wait and confirm my edge, remember this is a probability...
AUDCAD Has shown growth in the past few days without signicifant retracement.RSI is overbought so I do expect rejection and retracement for 70 pips, before going up again. Although, market has been acting crazy recently so make sure you wait for the signal before entering a trade!
Taking shorts from our right shoulder and attempt to catch the continuation to the downside.
- HTF ascending within an HTF continuation pattern - Ascending formed on top of the HTF structure - A small double top formed with an arcing nature This tells me that price is coming to the downside
China over USA? - TRADE WAR - Looking for shorts. Overall strong /Head and Shoulders/ on D chart. In 4H chart we can see strong down move from 26700 and reflection at 25250. Putting a Fibonacci Retracement on those levels we see that it already pass 0.38 looking for 0.50, possiable 0.618. Shorts from 0.50 and with same amount + 1/2 of the 0.50 volume at...
Leveraged Short avg entry 7955 currently. Against weekly and 3D trend/signals so protective only, preserving profits. Retrace expected but not trend change. Additional entries 7900-8100 Stop at highs. Will monitor on low TF and take hedge longs as necessary in order to build a larger short and reduce risk. Target 7100 or lower